Since the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There...
LINK doesn't need any introduction; it has a great project, a great community, and has also given great growth. It seems the corrective wave has ended at 0.382 Fibonacci retracement and now the price is about to break the consolidation triangle-shaped area. Let's see how things unfold.
USD Tether, or USDT, came into existence as a digital version of the U.S. dollar, and it succeeded. USDT is pegged to the U.S. dollar and is the top and most used stable coin in the crypto market. USDT is also being used for transferring money or other means of payment, although mostly in the crypto market. Many others tried to capture a piece of this huge market:...
Rune is another crypto project which has great features and possibly a bright future. After the corrective wave hit 0.382 Fibonacci retracement, it seems Rune is oscillating. It is too soon to conclude that the corrective wave is finished, it might go further down. However, there are two lines, one horizontal and another a downtrend, which can help us figure this...
Hedera chart is tempting and promising too. An inverted wedge pattern, a big one, is formed which means HBAR's future upward waves can be huge; and currently price is at the bottom. Also, a big harmonic pattern ended too. More importantly, it seems a double triangle pattern has formed, which gives the possibility of a strong upward wave. Let's see what happens.
LayerAI, formerly known as CryptoGPT (GPT), is a zero-knowledge roll-up Layer-2 blockchain which powers the AI platform that lets you monetize your AI data. That is, LayerAI is the first sustainable ‘to earn’ ecosystem that pays users for contributing data that is then sold in the global data marketplace. Anyway, LAI seems to shown potential for growth in its...
Sui, one of the most highly anticipated projects, is a Layer-1 blockchain and smart contract platform that is fast, private, secure, and accessible to everyone. Anyway, it is clear there is a downtrend line, and SUI is trying to break it upward. Let's see what happens.
Turbo is a meme coin created by AI that rose to fame just recently. Since there are few daily candles, no big-picture analysis can be done. But, in lower time frames, namely 1 hour, it seems a descending triangle pattern is forming. Let's see what happens next. P.S. Be careful, meme-coins are risky to trade
Ocean Protocol chart is interesting; a strong upward impulse wave followed by a corrective wave. The correction is unfolding in a descending channel. After price bounced from channel's lower line, an upward wave started, then again OCEAN's corrective is unfolding in a minor descending channel. Let's see if OCEAN can reach the upper line of this channel, or even break it.
Arweave is a decentralized storage network that offers a platform for the indefinite storage of information. Anyway, after AR broke the major downtrend line. it went down further, and now it seems AR wants to break the minor downtrend line too. Let's see what happens.
SPACE ID is all in one domain manager for web3. It is a newly started project and there are not enough candles to see the big picture. Anyway, there is a downtrend channel in which price is descending. If this channel breaks upward, there is a possibility of an impulse wave. Let's see what happens.
GT Protocol is one of the new member in the group of AI coins. They say that GT Protocol's robust ecosystem merges an investment protocol for decentralized Web3 funds management with Blockchain AI Execution Technology. Anyway, GTAI chart is young and few candles are there to analyze. But, GTAI's chart seems promising. Let's see what happens.
AITECH is a deflationary artificial intelligence token for the Solidus, which is a state-of-the-art High-Performance Computing (HPC) Data Centre spanning over 8,000 square feet. AITECH token will serve as a payment gateway for licensing Artificial Intelligence as a Service, Blockchain as a Service, and accessing HPC resources via their Infrastructure as a Service...
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS. GRT has a high growth potential and should keep an eye on it. It seems the downtrend phase is ended; after an upward impulse wave started price entered a corrective wave in a triangle-shaped pattern. Let's see if price can break this triangle.
LOKA is a play-to-earn blockchain-based online strategy game. Like most crypto game projects, just after a minor upward wave due to the release of the project, LOKA was mostly in a downtrend phase. LOKA very recently broke the major downtrend line, and its trading volume also significantly went up. Let's see what LOKA can do.
Maker chart is interesting and odd at the same time. A rapid ascent followed by a slower correction that reached the bottom, making a big triangle form. MKR broke both the major and minor downtrend lines, and it seems posed for an upward impulse wave. Let's see what happens.
Illuvium is an open-world fantasy battle game. Like many crypto-based games, ILV was also in a downtrend for a long time, almost since birth. Recently, ILV broke the major downtrend line, went up, then made a downward correction that seems a double bottom pattern been made; and now breaking the minor downtrend line too. Let's see how up this upward wave can go.
Vechain analysis is simple; an upward move followed by a corrective downward move which came down in a channel. Then the price broke the downtrend channel and it seems the next impulse wave has started. Let's see what happens.